Servicing/Default
[Update 1: Adds comment from FHFA Acting Director]
The Treasury Department will triple payments to mortgage investors for reducing borrower principal through an expanded Home Affordable Modification Program announced Friday.
Officials announced several critical changes to HAMP, including an enrollment extension to...
- FHA serious delinquency rate inches up while originations decline
- Maryland court rejects robo-signing lawsuit
- Fannie Mae multifamily mortgage EVP retires, replacement named
- Appraisal board solicits feedback on seller concessions
- Value in seasoned subprime underestimated: Amherst
- D.R. Horton plans return to record home closings in five years
- Federal mortgage fraud task force subpoenas 11 banks
- More CMBS land in special servicing as businesses downsize
- Barclays Capital doubts REO rental program will work
- January consumer sentiment posts 11-month high
- New originations drop 30%, loan delinquencies decline
Dennis Smith has been watching homebuilder numbers in Las Vegas for 23 years, and he hasn’t seen anything like this.
The city, considered the epicenter of the housing crisis, held the highest foreclosure rate for 22 consecutive months until October when a new law went into effect that could land servicers in jail for mishandling foreclosure [...]
- Old mortgages rise from the dead, haunt homeowners Reuters
- Has Obama's housing policy failed? CNN Money
- Florida primary forces GOP candidates to face the dreaded housing question The Washington Post
- Newt Gingrich wants Freddie Mac records released before Florida primary ABC News
- Put Fannie and Freddie on federal books Bloomberg
- Ten predictions for the housing market The Wall Street Journal
- JPMorgan sued by Dexia over $1.7 billion in mortgage-backed securities Bloomberg
- Ex-Hells Angel sent to prison for mortgage fraud San Fransisco Chronicle
- Moody's warns it will likely cut big bank ratings Reuters
- O.J. Simpson faces foreclosure on Miami house USA Today
- Housing: The one bailout America could really use CNN Money
The next time you see a well-dressed, smiling real estate agent glaring at you from an advertising board, remember the carefree persona these days is likely only a mirage.
Look deeper and you will find agents and brokers facing a tsunami of negative economic factors, including low housing demand, uncertainty over...
February 9, 2012
Origination/Lending
Kenneth Bacon, executive vice president of the Fannie Mae multifamily mortgage business, is retiring after 18 years at the mortgage...
Secondary Markets/Investors
Donald R. Horton, D.R. Horton (DHI: 14.39 +1.91%) chairman of the board, said his "personal goal" is to annually close...
Servicing/Default
The serious delinquency rate for Federal Housing Administration mortgages reached 9.6% in December, the highest level in more than two...
